VSE (NASDAQ:VSEC) Reaches New 1-Year High Following Better-Than-Expected Earnings

VSE Co. (NASDAQ:VSEC - Get Free Report) reached a new 52-week high during mid-day trading on Wednesday following a better than expected earnings announcement. The stock traded as high as $129.08 and last traded at $124.43, with a volume of 37350 shares. The stock had previously closed at $118.06.

The construction company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.55 by $0.23. VSE had a return on equity of 7.26% and a net margin of 1.36%. The firm had revenue of $256.05 million during the quarter, compared to the consensus estimate of $248.20 million. During the same quarter in the previous year, the company posted $0.45 earnings per share. The company's quarterly revenue was up 57.6% on a year-over-year basis.

VSE Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be paid a dividend of $0.10 per share. The ex-dividend date is Thursday, May 1st. This represents a $0.40 dividend on an annualized basis and a yield of 0.31%. VSE's dividend payout ratio (DPR) is currently 48.19%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Truist Financial dropped their price objective on VSE from $134.00 to $130.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. StockNews.com raised shares of VSE to a "sell" rating in a research report on Thursday, March 6th. One research analyst has rated the stock with a sell rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $118.00.

Institutional Investors Weigh In On VSE

A number of hedge funds have recently modified their holdings of VSEC. Sterling Capital Management LLC lifted its position in shares of VSE by 857.1% during the 4th quarter. Sterling Capital Management LLC now owns 469 shares of the construction company's stock valued at $45,000 after buying an additional 420 shares during the last quarter. Quantbot Technologies LP purchased a new stake in VSE during the fourth quarter valued at about $47,000. Amalgamated Bank boosted its position in VSE by 36.5% during the first quarter. Amalgamated Bank now owns 610 shares of the construction company's stock worth $73,000 after purchasing an additional 163 shares during the period. KBC Group NV purchased a new position in shares of VSE in the first quarter worth about $99,000. Finally, Tower Research Capital LLC TRC lifted its stake in shares of VSE by 21.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,449 shares of the construction company's stock valued at $138,000 after buying an additional 258 shares in the last quarter. Institutional investors own 91.54% of the company's stock.

VSE Stock Performance

The company's fifty day moving average is $115.24 and its 200 day moving average is $108.84. The company has a current ratio of 3.69, a quick ratio of 1.15 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $2.65 billion, a P/E ratio of 153.71 and a beta of 1.34.

VSE Company Profile

VSE Corporation operates as a diversified aftermarket products and services company in the United States. The company operates through two segments, Aviation and Fleet. The Aviation segment provides aftermarket parts supply and distribution; maintenance, repair, and overhaul services for components and engine accessories supporting commercial, business, and general aviation operators.

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